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26.09.2007
Credit-Rating upgrades bond issue by Holding Kyivmiskbud-1 to uaA+
Credit-Rating, a nationally recognized credit rating agency in Ukraine has today upgraded to uaA+ (uaA plus) from uaBB+ (uaBB plus) the long-term credit rating assigned to UAH16m 6-year issue of registered housing bonds (J series) by Kiev-based Holding Kyivmiskbud-1 LLC (`Issuer` or `company`). The company`s principal activity is investment and construction. Today the company constructs a residential building in the city of Kiev. To revise the rating the agency considered Issuer`s financial statements for 2Q and full 1H2007, as well as other inside information furnished by the company.
An obligor or a debt liability with uaA credit rating is characterized with the HIGH STRONG creditworthiness as compared to other Ukrainian obligors or debt liabilities. This level of creditworthiness is susceptible to adverse changes in commercial, financial and economic conditions. The plus (+) or minus (-) modifier denotes rating`s relative status within major categories.
In the course of the rating`s revision procedure Credit-Rating took into account that the Issuer is incorporated with Stolytsya Corporation which is participated by companies integrated vertically into a vigorous structure and engaged in rendering a wide range of construction and financial services. Stolytsya Corporation is among 3 biggest construction companies in the city of Kiev by both size of incomes and projects implemented.
Information on all credit ratings assigned in accordance with the Ukrainian national scale may be found in REUTERS, BLOOMBERG and FTN MONITOR information systems.
For further information, please contact:
Information and analytic department
Sergey Rozumyak +38 044 490 25 50
SRozumyak@credit-rating.com.ua
